The European Commission approves a proposed joint venture between CTT – Correios de Portugal and DHL eCommerce for an Iberian market rollout. The transaction, cleared under the EU Merger Regulation, is expected to close in May 2026.
CTT Portugal recorded revenue growth of 13.9% to €597.3m in the first half of 2025, while net profit increased 11.7% year-on-year to €22.1m. It says growth was driven by express and parcel growth and Banco CTT.
Jul 2025Parcel and Postal Technology InternationalNews article
Ubirider raises around €1.95 million in a funding round aimed at international expansion and team reinforcement. The round is co-led by Techtree Investments, CTT’s investment vehicle managed by Iberis Capital, and Cedrus R&D III, with Grupo Barraqueiro also participating.
Paynest raises €2 million in an investment round led by Lince Capital. BlueCrow Capital, TechTree CTT and M4 Ventures also participate; the stated purpose is European expansion.
